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Home Daily Digest

Daily Digest – November 24. CFPB Pushes Back Debt Collection Rule; Analyzing The Numbers of Encore, PRA

mikegibb by mikegibb
November 24, 2015
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Some quick links to start your Tuesday. Ontario Systems has announced an integration with TransUnion’s new scoring model to better analyze payment histories and score accounts for likely recoveries … An overview of Congress’s actions to push back against the Consumer Financial Protection Bureau … How to split your time to grow your business … Everything else is getting upgraded these days, so why not make ovens smarter, too? … Google wants to help you get a better mortgage … Everything you need to know about Black Friday … My kids and I are going to miss this show … Predictions for 2016 … Inside the office of Salesforce CEO Marc Benioff … Five dozen technology companies have joined together to fight against weakening encryption and allowing backdoors to fight terrorism … The orange industry in Florida is in its worst slump in a century … Walmart will post 2,000 Cyber Monday deals early … The worst traffic bottleneck in the country is costing people $418 million in lost revenue … Phrases that sabotage your confidence.

NEWS 

  • The Consumer Financial Protection Bureau, in a report to Congress that was submitted last Friday, announced that the proposed debt collection rule will not be ready until at least the Spring of 2016, a few months later than originally projected.
  • An in-depth analysis of the financials of Encore Capital and Portfolio Recovery Associates. One conclusion…Encore’s “financial statement looks like walking through a mine field.”
  • The city of Springfield, Illinois, is owed more than $1 million in unpaid fines and tickets and the city is considering hiring a collection agency to recoup that money.
  • A Chicago man won a lawsuit against a collection agency for sending collection letters without verifying the debt.

The definition of persistence

Why do we keep making pennies?

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at mike@canvasbusinessmedia.com.

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